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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Real Estate:    
Land, at Cost $ 209,298 $ 189,589
Building and Improvements, at Cost 377,758 325,418
Other Furnishings and Equipment, at Cost 746 707
Construction in Process, at Cost 10,717 3,150
Total Real Estate, at Cost 598,519 518,864
Less, Accumulated Depreciation (31,278) (24,169)
Real Estate-Net 567,241 494,695
Land and Development Costs 685 692
Intangible Lease Assets-Net 87,671 79,492
Assets Held for Sale-See Note 24 0 6,720
Investment in Alpine Income Property Trust, Inc. 35,260 41,037
Mitigation Credits 2,846 3,702
Mitigation Credit Rights 19,999 21,018
Commercial Loans and Investments 46,201 39,095
Cash and Cash Equivalents 9,532 8,615
Restricted Cash 37,292 22,734
Refundable Income Taxes 448 442
Deferred Income Taxes-Net 61  
Other Assets - See Note 12 38,536 14,897
Total Assets 845,772 733,139
Liabilities:    
Accounts Payable 1,136 676
Accrued and Other Liabilities-See Note 18 18,149 13,121
Deferred Revenue-See Note 19 5,840 4,505
Intangible Lease Liabilities-Net 5,995 5,601
Deferred Income Taxes-Net   483
Long-Term Debt 370,248 278,273
Total Liabilities 401,368 302,659
Commitments and Contingencies-See Note 22
Stockholders' Equity:    
Preferred Stock - 100,000,000 shares authorized; $0.01 par value, 6.375% Series A Cumulative Redeemable Preferred Stock, $25.00 Per Share Liquidation Preference, 3,000,000 shares issued and outstanding at September 30, 2022 and December 31, 2021 30 30
Common Stock - 500,000,000 shares authorized; $0.01 par value, 18,796,612 shares issued and outstanding at September 30, 2022 and 17,748,678 shares issued and outstanding at December 31, 2021 188 60
Additional Paid-In Capital 97,419 85,414
Retained Earnings 329,317 343,459
Accumulated Other Comprehensive Income 17,450 1,517
Total Stockholders' Equity 444,404 430,480
Total Liabilities and Stockholders' Equity $ 845,772 $ 733,139